UNITED STATES BANKRUPTCY COURT

 

 

 DISTRICT OF 

 DIVISION

 

CHAPTER 7 TRUSTEE’S FINAL ACCOUNT AND DISTRIBUTION

REPORT CERTIFICATION THAT THE ESTATE HAS BEEN FULLY

ADMINISTERED AND APPLICATION TO BE DISCHARGED (TDR)

Phillip D. Levey, chapter 7 trustee, submits this Final Account, Certification that the

Estate has been Fully Administered and Application to be Discharged.

1) All funds on hand have been distributed in accordance with the Trustee’s Final Report

and, if applicable, any order of the Court modifying the Final Report. The case is fully

administered and all assets and funds which have come under the trustee’s control in this case

have been properly accounted for as provided by law. The trustee hereby requests to be

discharged from further duties as a trustee.

2) A summary of assets abandoned, assets exempt, total distributions to claimants, claims

discharged without payment, and expenses of administration is provided below:

3) Total gross receipts of $ (see Exhibit 1), minus funds paid to the debtor and

third parties of $ (see Exhibit 2), yielded net receipts of $ from the liquidation of

the property of the estate, which was distributed as follows:

In re: §

§

THE VIEW WILSHIRE LLC, § Case No. 16-26231

§

Debtor(s) §

Assets Abandoned:

(Without deducting any secured claims)

Assets Exempt:

Total Distributions to Claimants: Claims Discharged

Without Payment: 

Total Expenses of Administration: 

UST Form 101-7-TDR (5/1/2011) (Page: 1)

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4) This case was originally filed under chapter on . The case was pending

for months.

5) All estate bank statements, deposit slips, and canceled checks have been submitted to

the United States Trustee.

6) An individual estate property record and report showing the final accounting of the

assets of the estate is attached as Exhibit 8. The cash receipts and disbursements records for each

estate bank account, showing the final accounting of the receipts and disbursements of estate

funds is attached as Exhibit 9.

Pursuant to Fed R Bank P 5009, I hereby certify, under penalty of perjury, that the

foregoing report is true and correct.

STATEMENT: This Uniform Form is associated with an open bankruptcy case, therefore, Paperwork Reduction Act

exemption 5 C.F.R. § 1320.4(a)(2) applies.

CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

SECURED CLAIMS

(from Exhibit 3) $ $ $ $

PRIORITY CLAIMS:

CHAPTER 7 ADMIN. FEES

AND CHARGES

(from Exhibit 4)

PRIOR CHAPTER

ADMIN. FEES AND

CHARGES (from Exhibit 5)

PRIORITY UNSECURED

CLAIMS (from Exhibit 6)

GENERAL UNSECURED

CLAIMS (from Exhibit 7)

TOTAL DISBURSEMENTS $ $ $ $

Dated: By:/s/Phillip D. Levey

Trustee

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EXHIBITS TO

FINAL ACCOUNT

EXHIBIT 1 – GROSS RECEIPTS

EXHIBIT 2 – FUNDS PAID TO DEBTOR & THIRD PARTIES

EXHIBIT 3 – SECURED CLAIMS

DESCRIPTION UNIFORM

TRAN. CODE1

$ AMOUNT

RECEIVED

TOTAL GROSS RECEIPTS $

1

The Uniform Transaction Code is an accounting code assigned by the trustee for statistical reporting purposes.

PAYEE DESCRIPTION UNIFORM

TRAN. CODE

$ AMOUNT

PAID

NA

TOTAL FUNDS PAID TO DEBTOR &

THIRD PARTIES

$

CLAIM NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form 6D)

CLAIMS

ASSERTED

CLAIMS

ALLOWED CLAIMS PAID

JMCP Manager, LLC

853 N. Elston Ave., Chicago,

IL 60642

Tivoli Square Apartments,

L.P.

c/o Milan Properties, LLC,

888 Disneyland Dr., Suite

101, Anaheim, CA 92802

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EXHIBIT 4 – CHAPTER 7 ADMINISTRATIVE FEES and CHARGES

CLAIM NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form 6D)

CLAIMS

ASSERTED

CLAIMS

ALLOWED CLAIMS PAID

000004 JMCP MANAGER, LLC

TOTAL SECURED CLAIMS $ $ $ $ 

PAYEE

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED CLAIMS PAID

TRUSTEE

COMPENSATION:LEVEY,

PHILLIP D.

TRUSTEE EXPENSES:LEVEY,

PHILLIP D.

INTERNATIONAL SURETIES,

LTD.

ASSOCIATED BANK

ATTORNEY FOR TRUSTEE FEES

(TRUSTEE FIRM):LEVEY,

PHILLIP D.

ACCOUNTANT FOR TRUSTEE

FEES (OTHER FIRM):KUTCHINS,

ROBBINS & DIAMOND, LTD.

TOTAL CHAPTER 7 ADMIN. FEES

AND CHARGES

$ $ $ $ 

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EXHIBIT 5 – PRIOR CHAPTER ADMINISTRATIVE FEES and CHARGES

EXHIBIT 6 – PRIORITY UNSECURED CLAIMS

EXHIBIT 7 – GENERAL UNSECURED CLAIMS

PAYEE

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED CLAIMS PAID

NA

TOTAL PRIOR CHAPTER ADMIN.

FEES AND CHARGES

$ $ $ $ 

CLAIM NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form

6E)

CLAIMS

ASSERTED

(from Proofs of

Claim)

CLAIMS

ALLOWED CLAIMS PAID

California Franchise Tax

Board

Bankruptcy Section MS A340,

PO Box 2952, Sacramento,

CA 95812-2952

Internal Revenue Service

PO Box 7346, Philadelphia,

PA 19101-7346

TOTAL PRIORITY UNSECURED

CLAIMS

$ $ $ $ 

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CLAIM NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form

6F)

CLAIMS

ASSERTED

(from Proofs of

Claim)

CLAIMS

ALLOWED CLAIMS PAID

Blue Stallion, Inc. dba AccuTest c/o Feldman &

Associates, Inc.

11030 Santa Monica Blvd.,

Suite 109, Los Angeles, CA

90025

Hermes Capital LLC

910 W. Van Buren St.,

Chicago, IL 60607

JMCP LLC

853 N. Elston Ave, Chicago,

IL 60642

Jung Jae Lee

Dapsipli 5-999, Duksan

Megatrium, Apt. 101-1105,

Seoul, Korea

Ostrow Reisin Berk &

Abrams, Ltd.

455 North Cityfront Plaza Dr.

Suite 1500, Chicago, IL

60611-5313

000003 BLUE STALLION INC.

000001 FRANCHISE TAX BOARD

000002 GOULD & RATNER LLP

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CLAIM NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form

6F)

CLAIMS

ASSERTED

(from Proofs of

Claim)

CLAIMS

ALLOWED CLAIMS PAID

000005 JMCP, LLC

TOTAL GENERAL UNSECURED

CLAIMS

$ $ $ $ 

UST Form 101-7-TDR (5/1/2011) (Page: 7)

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Exhibit 8

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 16-26231 JBS Judge: JACK B. SCHMETTERER

THE VIEW WILSHIRE LLC,

07/15/18

Trustee Name: Phillip D. Levey

Page: 1

Case Name:

For Period Ending:

1 2 3 4 5 6

Asset Description

(Scheduled and Unscheduled (u) Property)

Petition/

Unscheduled

Values

Estimated Net Value

(Value Determined by Trustee,

Less Liens, Exemptions,

and Other Costs)

Property Formally

Abandoned

OA=554(a) Abandon

Sale/Funds

Received by

the Estate

Asset Fully Administered (FA)/

Gross Value of Remaining Assets

FORM 1

Date Filed (f) or Converted (c): 08/16/16 (f)

341(a) Meeting Date: 09/09/16

Claims Bar Date: 02/02/17

1. Checking Account - Private Bank 50.11 50.11 0.00 FA

2. Escrow Account-First American Title 3,486.96 0.00 14,794.44 FA

3. Derivative Claim for Indemnity (u) Unknown 0.00 0.00 FA

Gross Value of Remaining Assets

TOTALS (Excluding Unknown Values) $3,537.07 $50.11 $14,794.44 $0.00

(Total Dollar Amount in Column 6)

_____________________________________________________________________________________________________________________________

Major activities affecting case closing which are not reflected above, and matters pending, date of hearing or sale, and other action:

Preparation of TFR.

Initial Projected Date of Final Report (TFR): 04/30/18 Current Projected Date of Final Report (TFR): 09/30/18

Ver: 20.00j LFORM1

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Exhibit 9 ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-26231 -JBS

THE VIEW WILSHIRE LLC,

*******8501

Trustee Name: Phillip D. Levey

ASSOCIATED BANK

Page: 1

Case Name:

Taxpayer ID No:

Bank Name:

For Period Ending: 12/15/18

Account Number / CD #:

1 2 4 5 6 7

Transaction

Date

Check or

Reference Description Of Transaction Deposits ($) Disbursements ($)

3

Paid To / Received From

Account / CD

Balance ($)

FORM 2

Blanket Bond (per case limit): $ 5,000,000.00

Separate Bond (if applicable):

*******5216 Checking

Uniform

Tran. Code

BALANCE FORWARD 0.00

04/26/17 2 First American Title Insurance Company Escrow Turnover 1129-000 14,794.44 14,794.44

05/05/17 ASSOCIATED BANK BANK SERVICE FEE 2600-000 10.00 14,784.44

06/07/17 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.98 14,762.46

07/10/17 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.24 14,741.22

08/07/17 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.92 14,719.30

09/08/17 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.88 14,697.42

10/06/17 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.15 14,676.27

11/07/17 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.82 14,654.45

12/07/17 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.08 14,633.37

01/08/18 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.76 14,611.61

02/07/18 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.72 14,589.89

02/22/18 International Sureties, Ltd.

701 Poydras Street - Suite 420

New Orleans, LA 70139

010001 Trustee's Bond 2300-000 5.90 14,583.99

03/07/18 ASSOCIATED BANK BANK SERVICE FEE 2600-000 19.59 14,564.40

03/21/18 JMCP Manager, LLC

Miriam Stein

30 S Wacker Drive 26th Floor

Chicago, Il 60606

010002 SETTLEMENT

Payment in full of Claim No. 4 filed by JMCP

Manager, LLC pursuant to Order dated February 6,

2018.

4220-000 8,000.00 6,564.40

04/06/18 ASSOCIATED BANK BANK SERVICE FEE 2600-000 21.65 6,542.75

05/07/18 ASSOCIATED BANK BANK SERVICE FEE 2600-000 12.87 6,529.88

06/07/18 ASSOCIATED BANK BANK SERVICE FEE 2600-000 10.00 6,519.88

10/08/18 010003 Phillip D. Levey Trustee Compensation 2100-000 1,274.28 5,245.60

10/08/18 010004 Phillip D. Levey Trustee Expenses 2200-000 36.31 5,209.29

10/08/18 010005 Phillip D. Levey Attorney for Trustee Fees (Trustee 3110-000 4,655.44 553.85

10/08/18 Lois West

Kutchins, Robbins & Diamond, Ltd.

1101 Perimeter Drive - Suite 760

010006 Accountant for Trustee Fees (Other 3410-000 553.85 0.00

Page Subtotals 14,794.44 14,794.44

Ver: 21.00

LFORM24

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Exhibit 9 ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-26231 -JBS

THE VIEW WILSHIRE LLC,

*******8501

Trustee Name: Phillip D. Levey

ASSOCIATED BANK

Page: 2

Case Name:

Taxpayer ID No:

Bank Name:

For Period Ending: 12/15/18

Account Number / CD #:

1 2 4 5 6 7

Transaction

Date

Check or

Reference Description Of Transaction Deposits ($) Disbursements ($)

3

Paid To / Received From

Account / CD

Balance ($)

FORM 2

Blanket Bond (per case limit): $ 5,000,000.00

Separate Bond (if applicable):

*******5216 Checking

Uniform

Tran. Code

Schaumburg, IL 60173

COLUMN TOTALS 14,794.44

 Less: Bank Transfers/CD's

Subtotal

 Less: Payments to Debtors

Net

 14,794.44 0.00

 0.00 0.00

 14,794.44 14,794.44

 14,794.44 14,794.44

 0.00

Checking - ********5216 14,794.44

------------------------

14,794.44

==============

(Excludes Account

Transfers)

14,794.44

------------------------

14,794.44

==============

(Excludes Payments

To Debtors)

0.00

------------------------

0.00

==============

Total Funds

On Hand

TOTAL - ALL ACCOUNTS NET DEPOSITS

 NET

DISBURSEMENTS

ACCOUNT

BALANCE

* Reversed

t Funds Transfer

Page Subtotals 0.00 0.00

Ver: 21.00

LFORM24

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